Common use of Benefit of Successors Clause in Contracts

Benefit of Successors. All Security Interests granted or contemplated hereby shall be for the benefit of Investors and Investors’ successors and assigns, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Notes.

Appears in 2 contracts

Samples: Security Agreement (Stratus Media Group, Inc), Security Agreement (Stratus Media Group, Inc)

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Benefit of Successors. All Security Interests granted or contemplated hereby shall be for the benefit of Investors Collateral Agent and Investors’ Collateral Agent's permitted successors and assigns, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the NotesSenior Note.

Appears in 1 contract

Samples: Security Agreement (Flag Telecom Group LTD)

Benefit of Successors. All Security Interests granted or contemplated hereby shall be for the benefit of Investors Collateral Agent and Investors’ Collateral Agent’s successors and assigns, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Notes.

Appears in 1 contract

Samples: Security Agreement (Stratus Media Group, Inc)

Benefit of Successors. All Security Interests granted or contemplated hereby shall be for the benefit of Investors Collateral Agent and Investors’ Collateral Agent’s successors and assigns, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Notes. [END OF TEXT. SIGNATURE PAGE FOLLOWS.]

Appears in 1 contract

Samples: Security Agreement (Stratus Media Group, Inc)

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Benefit of Successors. All Security Interests granted or contemplated hereby shall be for the benefit of Investors the Secured Parties and Investorsthe Secured Parties’ successors and assigns, and all proceeds or payments realized from Collateral and Collaterally Assigned Rights in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the NotesLoan Agreement.

Appears in 1 contract

Samples: Security Agreement (Body & Mind Inc.)

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